Alice Dellal

Alice Dellal reprises her role as the face of Chanel's Boy Bag with a brand-new campaign for Spring 2013. Posing with a white horse and a hot horse handler (model Jake White), Dellal plays the part of modern equestrienne perfectly, her trademark shaved hair and punk-rock vibe contrasting with her preppy cardigan-and-tie-blouse ensemble nicely. Photographed by Karl Lagerfeld at La Ferme de la Chapelle in Fontaine-Chaalis, the images also call to mind the famous photos of Coco Chanel riding horses with Boy Capel. All the campaign images — plus a look at all the newest Boy Bags — here.

We gave you a sneak peek of H&M's festive holiday ads, and now we bring you the full-blown campaign. It stars some veteran models like Mark Vanderloo, Danielle Z, Stella Tennant — remember them?! — alongside new ones like Mariacarla Boscono and Kasia Struss. Lou Doillon and Alice Dellal also make an appearance. The common denominator is that everyone is posing with someone close to their hearts: sisters, sons, mothers, best friends, lovers. Some even do video interviews. Step inside to feel the H&M warmth.

London Fashion Week is like New York's eccentric, cheeky older sister, and the designers take risks that would make some fashionistas on this side of the pond blush. This year was even more daring than usual, with nude models, antlers, wild wigs, and face paint galore. I've put together 10 of the most jaw-dropping moments from the runway, so be sure to check out what the Brits have been up to right now.

>> Marc Jacobs has taken the stage for many a reason in the past — usually it involves accepting an award — but last night, it was to sing backup to Donna Summer at the opening of Louis Vuitton's new store on Bond Street in London. “It was fun — but I think I’ll stick to my day job,” he quipped.

Jacobs celebrated with the likes of Stella Tennant, Bernard Arnault, Carine Roitfeld, and Natalia Vodianova, and opened up about his recent hair transplant, which had him avoiding press and cameras at the Costume Institute Gala earlier this month. "I was starting to thin on top. I can’t dye it for a while, so this is my natural colour.”

He also hinted that the Louis Vuitton logo that he has helped make so ubiquitous almost got squelched way back when he first started at the brand: "When I arrived at Louis Vuitton 12 years ago, and I was figuring out how to create a new tier of Vuitton for a different customer, I thought it would be clever to hide that monogram, which was very stupid of me. That logo is part of what makes the Vuitton so desirable. It allows people to become members of an aspirational club."

Logos are to be expected, but not Louis Vuitton couture — Jacobs says he has no desire to launch such a collection. “Some of what we already do at ready-to-wear is pretty much at couture level, anyway."

>> A year after Maria Grazia Chiuri and Pier Paolo Piccioli dropped their first Valentino couture collection — an ode to the archives — the designers have entirely switched direction. "We think that to keep a future in couture, it's necessary to bring a new customer who wants something cooler," Chiuri said backstage. Piccioli added, "We tried to make new strategies for going forward. To do that we have to experiment with new silhouettes . . . because we want to call the young girls. They can be new customers for couture because they want beauty, they want personalized things."

This injection of youth involved Alice Dellal walking the runway and sheer ribbon blindfolds created by Philip Treacy; the graphically colorful collection is already earning comparisons to Nicolas Ghesquiere's Balenciaga, with some terming it "Valenciaga." But Piccioli says the collection is "about a woman wandering in this beautiful Eden. It's a dream. Couture is a dream."

>> As this year's Cannes Film Festival wound down Friday, fashion fixtures were still going strong that afternoon — Carine Roitfeld pulled out her favorite floppy hat and pair of flats for the Amend Charity Luncheon at Hotel du Cap, Stefano Gabbana hosted Claudia Schiffer and Eva Herzigova on his yacht, and then they all convened that night for Dolce & Gabbana's annual "Fabulous in Cannes" bash at Le Baoli.

The party's guest list was reduced significantly from previous years, and the VIP room completely abolished, but sunglasses were handed out to guests because, Gabbana explained, “All the movie stars wore sunglasses in the Fifties, and at the end of the night when you’re drunk, it’s always better to have a pair.”

Carine, her son Vladimir Restoin-Roitfeld, Anna Dello Russo, Vogue Russia's editor Aliona Doletskaya, Eva, Claudia and a smattering of British it girls all hit the mirrored dance floor, while Natasha Poly reflected on her festival experience: "I'm having so much fun here in Cannes, I already forgot about the stresses of the campaign season. That felt like ages ago."

Host Domenico, too, was elated: "This has truly become our favorite little party of the year.  We come here and spend time on Stefano's yacht, see friends, and really leave happy and relaxed."  Unfortunately the relaxation didn't last long — as of Monday, the duo could be liable for more than a billion dollars in unpaid taxes, an Italian police spokeswoman confirmed.

The designers have already released a statement denying any wrongdoing — “It’s a paradox! Since when does one have to pay taxes on money one never actually collected? It’s an absurd demand based on a completely abstract calculation. This higher taxable sum . . . is a virtual figure we have never received, the result of a theoretical accounting exercise” — and vow to "strenuously defend ourselves to avoid being unjustly forced to pay for something that never existed in the first place.”